Funding you earn now, next payment 00:00 UTC+0.2922%/8h= +320.0% APRpaid last 24h +0.083%
Price spread now: Kraken Futures against BingX+0.166%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.984%−$98 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$88 a day on $10k at the current rate, and Kraken Futures is 0.166% dearer against BingX than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.984%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.984% in total (about -51.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORDI-USDC | 4.8950 | 0.0100 | pay 0.0050% / 4h | 41m 07s | — | $2.3M | — |
| Short | Kraken Futures PF_ORDIUSD | 4.9031 | 0.3022 | get 0.0378% / 1h | 41m 07s | $66K | $43K | 25x |
BingX ORDI-USDC
Kraken Futures PF_ORDIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $613.62
- Price spread: +0.166% → 0.000%
- $16.57
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $610.19
- Costs to cover
- 0.200%
- Break-even
- 0.0 days
Slippage unknown: BingX: live order book, 7 min ago; Kraken Futures: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 7 min ago | 1.02 bp | 27.2 bp −$27 | 79.1 bp −$791 | 457.3 bp −$45.7K | 663.5 bp −$331.7K |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ORDI on 19 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.8889 | −0.125% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.946% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8943 | −0.014% | $711K | $651K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8867 | −0.169% | $4K | $418K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8900 | −0.102% | $10.1M | $31.2M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8840 | −0.225% | $4.1M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8860 | −0.184% | $5.3M | $16.5M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8860 | −0.184% | $1.3M | $2.8M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8890 | −0.123% | $7.1M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8910 | −0.082% | $938K | $818K | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8900 | −0.102% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDClong | +0.0100% | 4h | 4.8950 | long leg | — | $2.3M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.9024 | +0.151% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8830 | −0.245% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8860 | −0.184% | $89K | $355K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8901 | −0.100% | $5K | $172K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0150% | 4h | 4.8910 | −0.082% | $610K | $309K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8895 | −0.112% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSDshort | +0.3022% | 1h | 4.9031 | +0.166% | $66K | $43K | 25x |
Bitget ORDIUSDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]